8200 El Camino Real | Atascadero, CA 93422
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8200 El Camino Real
Atascadero, CA 93422
Smart & Final Extra! · Retail Property For Sale
Investment Highlights
- Single Tenant Absolute NNN Grocer - The entire collateral is wholly leased to Smart & Final, who subleases 18,660 square feet to Planet Fitness.
- Absolute NNN Lease - Single tenant asset (subject to sublease with Planet Fitness) on an absolute NNN lease, with no landlord responsibilities.
- Prominent Freeway Frontage and Visibility - Approx.800 feet of linear frontage and prominent monument signage along US Route 101.
- Rare Embedded Annual Rent Increases - Smart & Final’s lease features annual 2% rent increases; providing consistent NOI growth for an investor.
- Seasoned Tenant - Smart & Final has been in occupancy since 2016 and executed a new 16-year lease in 2019.
- Affluent Household Demographics - Average household incomes of approximately $110,000 within a three-mile radius.
Property Facts
Property Type
Retail
Property Subtype
Supermarket
Building Size
57,513 SF
Building Class
B
Year Built
2000
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
6.98 AC
Zoning
CR
Amenities
- Dedicated Turn Lane
- Freeway Visibility
- Signage
Property Taxes
| Parcel Numbers | Improvements Assessment | $11,103,874 | |
| Land Assessment | $8,366,388 | Total Assessment | $19,470,262 |
Property Taxes
Parcel Numbers
Land Assessment
$8,366,388
Improvements Assessment
$11,103,874
Total Assessment
$19,470,262
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